Tax Law Update

Ninth Circuit affirms Tax Court that assets transferred to family limited partnership (FLP) are includible in decedent's estate In an unpublished memorandum decision dated May 4, 2011, the U.S. Court of Appeals for the Ninth Circuit affirmed the Tax Court's 2009 decision in Estate of Erma V. Jorgensen v. Commissioner, TC Memo 2009-66 (March 26, 2009). Erma Jorgensen died in 2002, owning interests

  • Ninth Circuit affirms Tax Court that assets transferred to family limited partnership (FLP) are includible in decedent's estate — In an unpublished memorandum decision dated May 4, 2011, the U.S. Court of Appeals for the Ninth Circuit affirmed the Tax Court's 2009 decision in Estate of Erma V. Jorgensen v. Commissioner, TC Memo 2009-66 (March 26, 2009).

    Erma Jorgensen died in 2002, owning interests in two FLPs. The first, JMA-I, was formed in 1995 by Erma and h

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